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deer kalyan that is the trick.i think he knows better but on icici website he is never specific.the guy is intelligent and he may know much more.all that is for a fee.I discussed the limitations of Elliot's theory with him and the reliability of Gann.The relativity of time and price can be understood only by application of Gann.A stock is flat but it is infact declining;just like the sensex since july06,it is moving up but lacks the momentum of the period prior to may06.RELATIVITY on the time scale.
He did see the point but refused to concede and said that his software took care of all of it.I did not beleive him because he could not respond when i said E=MC squared.THAT's IT.
deer kalyan that is the trick.i think he knows better but on icici website he is never specific.the guy is intelligent and he may know much more.all that is for a fee.I discussed the limitations of Elliot's theory with him and the reliability of Gann.The relativity of time and price can be understood only by application of Gann.A stock is flat but it is infact declining;just like the sensex since july06,it is moving up but lacks the momentum of the period prior to may06.RELATIVITY on the time scale.
He did see the point but refused to concede and said that his software took care of all of it.I did not beleive him because he could not respond when i said E=MC squared.THAT's IT.
BTW Liquidity is another devil to keep a close watch on. (In fact i am beginning to sense this is the one that's going to cause the biggest damage). 'Coz if liquidity dries up then we may remain stuck in a range a long long time, not being able to cross the previous (5th wave) high simply due to the lack of money flow (although the economy may continue to do well).
But then this is not the thread to discuss Fundamentals. I am probably already irritating the other boarders.
BTW how does EWT account for ranging mkts one that is neither in a clear uptrend nor downtrend but just remaining rangebound in a Rectangular or Symmetric triangle (lower highs & higher lows) kind of price pattern. What kind of a wave would that be? Also would it still be considered a bear mkt if we have not been able to take out the previous (bull 5th wave) top but not violated the (last bear phase)bottom either?
Regards,
Kalyan.
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